International Moneytary Fund - kiss of death ?

A new book has been published about the banking crash in Iceland last year.The author is Mr. Styrmir Gunnarsson, former editor of the newspaper, Morgunbladid.In his book, Mr. Styrmir talks about when the CEO of the Icelandic Central Bank, Mr. David Oddson, met mister Timothy F. Geithner Secretary of the Treasury, USA.

They met, in the middle of 2008, when Mr. Geithner was one of the assistance directors of the US central Bank.Mr. Oddson asked Geithner if the US central Bank could lend Iceland 2 - 3 billion dollars.Mr.
Geithner's reaction later, was that the amount to lend Iceland was not an
issue, because Iceland's financial problems were overwhelming.

The author of the Book, Mr. Styrmir also said that Oddson told Geithner that the CEO of the European central bank had
suggested that Iceland talk to the International Monetary Fund (IMF).Geithner, who was now
Secretary of the Treasury, had this reaction to Mr. David Oddson, CEO
of the Iceland Central Bank, "Aha, he offered (us) the kiss of death."

In the later part of 2008 ,Iceland was not sure about seeking help at the IMF.Then Mr. Paul Thomsen, head of an IMF mission in Iceland, came to Iceland and
had a meeting with the Prime minister, Mr. Geir H. Haarde.Mr. Haarde told him that the IMF could not treat Iceland as a third world country.Thomsen promised that the IMF would not do that.And after that meeting, Thomsen is supposed to have phoned his superior at IMF, and said, " I Got Him "

Now Mr. David Oddson is the editor of the newspaper Morgunbladid.Mr. Styrnir, who wrote this book,with this information, is a former editor of the Morgunbladid.Photos: